Gold prices in Pakistan rebounded on Thursday after suffering a significant decline in the previous trading session. The recovery followed gains in the international gold market, pushing local prices higher.
According to the latest market rates, the price of gold per tola increased by Rs3,600. As a result, it settled at Rs433,836.
Similarly, the price of 10 grams of gold rose by Rs3,086. Consequently, it reached Rs371,944, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The latest increase came just one day after gold prices recorded a sharp decline. On Wednesday, the price of gold per tola had fallen by Rs4,700, closing at Rs430,236.
International Gold Prices Move Higher
The local market followed the positive trend in global bullion prices.
In the international market, gold gained $36 per ounce. Therefore, the price climbed to $4,113 per ounce, including a $20 premium.
The rise in global prices provided support to Pakistan’s domestic gold market, leading to Thursday’s recovery.
Silver Prices Remain Stable
Unlike gold, silver prices showed no movement during the trading session. The price of silver remained unchanged at Rs6,421.
While gold recovered from the previous day’s losses, silver maintained its earlier level without any increase or decline.
